Coronavirus: Trump presses for economic stimulus deal, saying 'get it done'

Nancy Pelosi, holds her weekly press briefing on Capitol Hill in Washington, Oct 1, 2020.
Nancy Pelosi, holds her weekly press briefing on Capitol Hill in Washington, Oct 1, 2020.PHOTO: AFP

WASHINGTON (BLOOMBERG) - President Donald Trump pressed for a deal on another round of pandemic aid to jolt the US economic recovery, saying the country "wants and needs" fiscal stimulus.

With Trump receiving treatment at Walter Reed military hospital outside Washington after testing positive for the coronavirus, his tweet on Saturday (Oct 3) departed from his health to focus on weeks of partisan deadlock over another stimulus Bill.

US House Speaker Nancy Pelosi said on Friday that negotiations with the White House will press ahead and Trump's Covid-19 diagnosis might change the tenor of the talks by underscoring the seriousness of the pandemic.

The two sides remain far apart on how much of a boost to provide and what it should target.

Democrats in the House on Thursday passed a US$2.2 trillion (S$3 trillion) package - down from the US$3.4 million plan they passed in May - as their latest offer. Treasury Secretary Steven Mnuchin has proposed a plan of about US$1.6 trillion.

Senate Majority Leader Mitch McConnell said on Friday that the talks have "speeded up in the last few days," though he did not make a prediction about the eventual outcome.

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